Billionaire Carlos Slim's company America Movil said that it had gotten funds to finance the acquisition of KPN's German unit.
Investors
Fibra Inn acquires Hotel Camino Real Guanajuato
Today Fibra Inn said that it had acquired Hotel Camino Real Guanajuato over a deal valued MXN230 million.
Worldwide Internet to purchase portfolio asset
Worldwide Internet Inc. announced today that it would acquire a portfolio asset in Greener Wind Solutions after it had completed acquisition of assets at Ludvik Holdings Inc.
Abbot closes deal in acquisition of IDEV Technologies
Abbott announced the completion of its purchase of IDEV Technologies Wednesday. Abbot reported today the finalization of its acquisition of IDEV technologies for USD 310 million.
Animal testing complicates L’Oreal expansion
L'Oreal's planned expansion into China's beauty markets had been burdened with complications as the country mandates animal testing for every new product introduced to Chinese consumers.
Latest News
On Wednesday, JustFab and ShoeDazzle announced merger in an effort to make a bigger and faster growing online retail company.
Today, Unite US said that it had raised USD2 million in seed funding and plans to launch publicly this fall.
Activist investor William Ackman admitted that he made mistakes on all three retailers that included J.C. Penney, Target and Borders Group.
Hewlett-Packard CEO Meg Whitman appointed several new people on board the computer manufacturer as further deterioration of HP's PC division dissatisfied investors.
After Everbright Securities Co. made erroneous buy orders of CNY23.4 billion last August 16, the state-backed firm suspended the head of its proprietary trading division.
Vodacom Tanzania announced plans for network expansion with TZS 200 billion investment. South Africa's Vodacom in Tanzania announced its plans to develop and grow in the country within the year.
Cantera Energy completed its acquisition of South Texas assets from EP Energy. Cantera Energy completed its acquisition of assets from EP Energy Wednesday for an undisclosed amount.
Goldman Sachs made an options malfunction yesterday that signaled perils of electronic markets still remain despite efforts to make electronic conditions better.
Vestas Wind Systems replaced its current CEO Ditley Engel with Anders Runevad who would start his duties on September 1.
